Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
FARR PAUL A
  2. Issuer Name and Ticker or Trading Symbol
PPL CORP [PPL]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
VP & Controller
(Last)
(First)
(Middle)
TWO N. NINTH STREET
3. Date of Earliest Transaction (Month/Day/Year)
03/04/2005
(Street)

ALLENTOWN, PA 18101
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 03/04/2005   M   5,380 A $ 43.1562 21,828.753 (1) D  
Common Stock 03/04/2005   M   3,856 A $ 36.23 25,684.753 (1) D  
Common Stock 03/04/2005   M   3,714 A $ 45.18 29,398.753 (1) D  
Common Stock 03/04/2005   S   4,050 D $ 54.3 25,348.753 (1) D  
Common Stock 03/04/2005   S   100 D $ 54.33 25,248.753 (1) D  
Common Stock 03/04/2005   S   2,500 D $ 54.4 22,748.753 (1) D  
Common Stock 03/04/2005   S   2,000 D $ 54.45 20,748.753 (1) D  
Common Stock 03/04/2005   S   2,500 D $ 54.5 18,248.753 (1) D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Options (Right to Buy) $ 43.1562 03/04/2005   M   5,380     (2) 01/24/2011 Common Stock 5,380 $ 0 0 D  
Employee Stock Options (Right to Buy) $ 36.23 03/04/2005   M   3,856     (3) 01/22/2013 Common Stock 3,856 $ 0 3,857 D  
Employee Stock Options (Right to Buy) $ 45.18 03/04/2005   M   3,714     (4) 01/21/2014 Common Stock 3,714 $ 0 7,426 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
FARR PAUL A
TWO N. NINTH STREET
ALLENTOWN, PA 18101
      VP & Controller  

Signatures

 /s/Thomas D. Salus, as Attorney-In-Fact for Paul A. Farr   03/04/2005
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Total includes reinvestment of dividends under Dividend Reinvestment Plan.
(2) The total grant of 5,380 options vested in three installments: 1,794 on 01/25/2002, 1,793 on 01/25/2003 and 1,793 on 01/25/2004.
(3) The total grant of 11,570 options vests in three installments: 3,857 on 01/23/2004, 3,856 on 01/23/2005 and 3,857 on 01/23/2006.
(4) The total grant of 11,140 options vests in three installments: 3,714 on 01/22/2005, 3,713 on 01/22/2006 and 3,713 on 01/22/2007.

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